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Saturday, November 15, 2014

Petrobras Earnings Delay - Whacks Investors

Investors in PBR, Petrobras, were shell shocked on Friday as the stock tumbled more to a 52 week low. Because of the financial woes (allegations of wrong-doing, etc.) along with its warning from PWC, its earnings announcement has been delayed to December. Hopefully this marks a turnaround for the company, Mckesson is a company that had a scandal many years back and long-term has bounced back stronger than over.